JPMorgan analyst Rohlbaugh pointed out that the current market's underlying volatility has risen significantly compared to the years before the COVID-19 outbreak and after the end of the global financial crisis.

JPMorgan analyst Rohlbaugh pointed out that the current market's underlying volatility has risen significantly compared to the years before the COVID-19 outbreak and after the end of the global financial crisis.

老虎证券2026/02/10 15:14

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This phenomenon reflects a structural change in the uncertainty of the macro environment, including the ongoing disturbances caused by multiple factors such as geopolitical tensions, shifts in monetary policy, and the restructuring of supply chains. Compared to the relatively stable periods in the past, asset prices now exhibit higher frequency and greater amplitude in daily fluctuations.

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JPMorgan analyst Rohlbaugh pointed out that the current market's underlying volatility has risen significantly compared to the years before the COVID-19 outbreak and after the end of the global financial crisis.

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